Margot Robbie to star as Barbie in live-action movie

Margot Robbie is set to portray Barbie in an upcoming movie about the doll. (Chris J Ratcliffe / Getty Images)

Margot Robbie will get all dolled up in her next big role.

The award-winning actress will portray Barbie in an upcoming live-action movie centering on the popular line of dolls, Mattel and Warner Bros. announced Tuesday.

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“Over the brand's almost 60 years, Barbie has empowered kids to imagine themselves in aspirational roles from a princess to president,” Robbie said in a statement. “I'm so honored to take on this role and produce a film that I believe will have a tremendously positive impact on children and audiences worldwide. I can't imagine better partners than Warner Bros and Mattel to bring this film to the big screen."

Amy Schumer and Anne Hathaway had previously been connected to play Barbie in the much-talked-about movie.

Tuesday’s announcement did not reveal a premiere date for “Barbie,” which is expected to come out some time in 2020.

The upcoming movie is based on the popular line of Mattel's Barbie dolls. (STAN HONDA / AFP/Getty Images)

It’s the latest high-profile role for the 28-year-old Robbie, who also starred in “The Wolf of Wall Street,” “Suicide Squad,” “Mary Queen of Scots” and “I, Tonya,” for which she earned an Oscar nomination for her portrayal of Tonya Harding.

The Barbie movie marks the first collaboration between Warner Bros. and Mattel, a prominent toy-making company that has seen its share value plummet by over 27% over the past year, according to CNBC.